
Exclusive: Wisconsin report confirms Foxconn’s so-called LCD factory isn’t real
The building ‘may be better suited for demonstration purposes rather than as a viable commercial glass fabrication facility’ A state report on Foxconn’s Wisconsin factory depicts a project gone far off course. The report, issued this month by Wisconsin’s Division of Executive Budget and Finance and obtained through a records request, confirms that the company has not built the enormous Gen 10.5 LCD factory specified in its contract. It also says that the building the company claims is a smaller Gen 6 LCD factory shows no signs of manufacturing LCDs in the foreseeable future and “may be better suited for demonstration purposes.” See Also: The 8th wonder of the world* Foxconn says its commitment to Wisconsin `has not wavered` though its plans have changed After report from The Verge, Foxconn’s Gou says project is ‘already delivering benefits’ for Wisconsin iPhone maker Foxconn launches open platform for EVs, solid state battery by 2024 ...more Ken Notes: I remain concerned that the bulk of this story is being told by the Verge, and a political agenda is attached to their reporting. Foxconn realized shortly after beginning the project that larger LCD panels were not going to be profitable. (The price of a 65 inch TV has fallen from several thousand to less the $500). So Foxconn is still looking for a product / products that they can make money on and build in the US. The hunt is not going well, but Wisconsin is also not paying anywhere near the 3 Billion we promised. Time to sit down and rethink where we go from here. I will say for the hundredth time, we should not chase them away or give them an excuse to fold up there tent and go home. Gou, founder, has hinted at this,“as long as policymakers at the federal, state, and local levels remain committed to Foxconn and the very important technology development goals driving the company’s investments.”.... We have invested in land and infrastructure and need to recoup these expenses. The last article above may hold some promise, but they have not suggested this platform will be made in Wisconsin..... YET!
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Exclusive: Wisconsin report confirms Foxconn’s so-called LCD factory isn’t real

The building ‘may be better suited for demonstration purposes rather than as a viable commercial glass fabrication facility’

A state report on Foxconn’s Wisconsin factory depicts a project gone far off course. The report, issued this month by Wisconsin’s Division of Executive Budget and Finance and obtained through a records request, confirms that the company has not built the enormous Gen 10.5 LCD factory specified in its contract. It also says that the building the company claims is a smaller Gen 6 LCD factory shows no signs of manufacturing LCDs in the foreseeable future and “may be better suited for demonstration purposes.”

See Also:

The 8th wonder of the world*

Foxconn says its commitment to Wisconsin `has not wavered` though its plans have changed

After report from The Verge, Foxconn’s Gou says project is ‘already delivering benefits’ for Wisconsin

iPhone maker Foxconn launches open platform for EVs, solid state battery by 2024

...more

Ken Notes: I remain concerned that the bulk of this story is being told by the Verge, and a political agenda is attached to their reporting. Foxconn realized shortly after beginning the project that larger LCD panels were not going to be profitable. (The price of a 65 inch TV has fallen from several thousand to less the $500). So Foxconn is still looking for a product / products that they can make money on and build in the US. The hunt is not going well, but Wisconsin is also not paying anywhere near the 3 Billion we promised.

Time to sit down and rethink where we go from here. I will say for the hundredth time, we should not chase them away or give them an excuse to fold up there tent and go home. Gou, founder, has hinted at this,“as long as policymakers at the federal, state, and local levels remain committed to Foxconn and the very important technology development goals driving the company’s investments.”.... We have invested in land and infrastructure and need to recoup these expenses. The last article above may hold some promise, but they have not suggested this platform will be made in Wisconsin..... YET!

Share this article on you social outlets

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- - Volume: 8 - WEEK: 43 Date: 10/22/2020 8:37:36 AM -